| Long-Term Price Case | $65/lb. U308 |
| Flagship Project | Tumas |
| Shares Outstanding | 254,250,000 |
| Market Cap | $148,736,250 |
| Average Annual Production | 2.5 M lbs. |
| Recovery | 93.8% |
| LoM | 11.5 Years |
| Payable Product | 29.1 M lbs. |
| C1 Cost (U3O8 basis with V2O5 by-product) | $27.28/lb. |
| AISC (U3O8 basis with V2O5 by-product) | $30.69/lb. |
| EBITDA | $1,034,000,000 |
| Total Initial, Pre-Production, Sustaining & Closure Capital | ($357,400,000) |
| Undiscounted Cashflow After Tax | $447,400,000 |
| |
| Net Profit Margin | 43% |
| Absolute Cost Structure (ACS) | 47% |
| MTQ Score (Higher is Better) | 0.9 |
| |
| True Value | $1.76/sh. |
6 Comments
Hello, shouldn’t you take into account the dilution that is going to happen in deep yellow? I think you are calculating everything like there would be no dilution?
Another question why did you exit VAALCO?
Thank you
Alex,
Dilution is implicit in the utilization of full presumptive CapEx, rather than by simulating share dilution. We could have simulated an equity raise, revolver, royalty, and debt issue, while halving model CapEx, but the result would be the same: zero-sum, per the presumptions.
We exited Vaalco for the same reason we exit anything: a better opportunity arose.
Tom
Could you please indicate how you arrive at the true all in cost? If possible with an example. Thank you.
Sudarshan,
That’s a trade secret. I’m sure you understand, we can’t give away all of our little edges for free.
Tom
Do you have any positions left in Goviex,Denison, Fission and Firsts? If you cannot give percentages … just list them in descending order of percentages or if you don’t hold any anymore.. say no for any. Sorry to ask but I am not computer savvy … too old
Senger,
We no longer maintain stakes in GoviEx Uranium, Denison Mines, Fission Uranium, or Forsys metals. All capital formerly allocated to the aforementioned names has been driven into Deep Yellow Limited & NexGen Energy.
Tom